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SHOWA PAXXS CORPORATION, First Half Ordinary Profit Increases by 36%

Mon Nov 11, 2024 3:00 pm JST Earnings

3954 SHOWA PAXXS CORPORATION 【J-GAAP】

Earnings Report

SHOWA PAXXS CORPORATION <3954> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 817 million yen, an increase of 36.2% compared to the same period last year, exceeded the previous forecast of 630 million yen.

The progress rate against the 1.37 billion yen full-year plan was 59.6%, also surpassing the five-year average of 51.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 14.7% from the same period last year to 553 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 43.9% from the same period last year, reaching 449 million yen. The operating profit margin improved from 4.9% in the same period last year to 6.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 11,734 638 756 530 119.4 56.0 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 10,983 483 600 447 100.8 48.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 11,595 681 817 772 174.1 59.6 Nov 11, 2024 J-GAAP
YoY +5.6% +41.0% +36.2% +72.7% +72.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 11,500 540 630 620 139.6 20 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 11,595 681 817 772 174.1 20 Nov 11, 2024 J-GAAP
Revision Rate +0.8% +26.1% +29.7% +24.5% +24.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 10,668 538 648 515 116.0 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,905 499 553 358 80.6 20 Nov 11, 2024 J-GAAP
YoY +11.6% -7.2% -14.7% -30.5% -30.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 22,277 1,115 1,349 947 213.5 40 May 11, 2023 J-GAAP
Mar, 2024 21,651 1,021 1,248 962 216.7 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 23,500 1,180 1,370 1,130 254.5 40 May 10, 2024 J-GAAP
YoY +8.5% +15.6% +9.8% +17.5% +17.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,885 286 312 228 51.4 4.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 5,271 188 289 239 53.9 3.6 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 5,397 350 359 276 62.2 6.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,258 256 368 453 102.1 4.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 6,337 425 449 319 71.9 6.7 Nov 11, 2024 J-GAAP
YoY +7.7% +48.6% +43.9% +39.9% +39.9%

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